By: Mohamed Farouk
Mubasher: Boursa Kuwait started Monday’s trading session in green territory, boosted by the banking sector.
By 9:20 am Kuwait time, the All-Share Market index rose 0.39%, while the Main Market index inched up 0.12%, and the Premier Market index edged up 0.47%.
The slight growth of oil prices is a positive sign that current geopolitical status will not turn into a crisis, capital market analyst Ahmad Jassim Al Qamr told Mubasher.
The GCC stock markets, particularly Boursa Kuwait, are expected to see a positive performance during Monday, Al Qamr added.
The banking sector increased by 0.53%, while the consumer goods sector led losers with 0.03%.
Manazel Holding’s stock was the best performer with 10%, whereas Kuwait Real Estate Holding’s (Alaqaria) stock was the worst performer with 9.7%.
The bourse’s trading volume reached 7.7 million shares exchanged through 580 transactions at a turnover of KWD 2.71 million.
The National Bank of Kuwait’s (NBK) stock, which added 0.74%, generated the highest liquidity with KWD 1.01%, while Burgan Bank’s stock, which jumped 1.12%, led in terms of trading volume after 1.94 million shares were exchanged.
Translated by: Mohammad Hesham Azab
